VC: Tech can't grow without! Yes, that include Crypto!

Anyone who tells you otherwise is either clueless or lying through their teeth. Unfortunately, we have a lot of both in hive and definitely all over internet and crypto. The funny thing about the present time is that everyone is an expert. You can be a keyboard warrior without any credentials. You can tweet whatever you want (until you get blocked), post whatever cat and flat-earth video you want (until you get de-patformed). Then you can make an alt and still post more bull-crap, saying conventional tech 'de-patformed' you and world sucks and you are the messiah of the new world order! Dude! Please! Just because some morons get to peddle a conspiracy theory, means you can too! But, if you think you will be successful with that in life, good luck with that! Sorry I got drifted, back to VC!

Source

Above is the typical cycle of a start-up. Yes, even if your project is crypto based you will go through a variation of it. And NO, without money you can't run a business. Now, granted in crypto, you can scam people and raise money with your ponzi defi scheme! Yeah we all remember the summer of 2020. Most of us who are in this space dabble into one defi LP coin or the other. Some where outright scam (Comos, Panther etc), others were honest, but without any utility they have nowhere else to go but asymptotically towards zero (Cub). Please don't get me wrong, I said some were honest projects without any intention of scam, however, there was no vision and no utility. For those of us who are in this space for a while, we have learned the hard way that, just transferring money, or changing one coin to other is NOT really an utility. It was peddled in 2016-17 as a alternative currency, and then in 2020-22 as defi, but its in vain. Crypto must have a real utility and that is what brings value. Look around, the coins that are standing are all real projects and businesses. Except BTC, but hey, that's BTC, we know the details there!

Utility and Vision

We are aware that hive is a modest sized community. We don't have a lot of reach, but we are trying. He have some decent projects on top of this blockchain and we are trying to grow slowly. I am reasonably happy with our growth. I don't think we will have 'mass-adaption' ever, and I don't think we need it. We can grow as a small business. Hive for example, doesn't need external funding any more (mostly). We have a DAO and that is well funded for most of our immediate needs. There are projects on top of hive, and they manage their own funding. That way, hive blockchain can be independent of VC funding requirement. The second layers projects does require VC funding.

Splinterlands, our most popular project on hive, is a classic example. It has multiple token that you need to play a game. Without these token you can't play that game, and there lies the utility. The game itself is rewarding, both in terms of monetary value, and entertainment value. People saw the opportunity and utility, so that game is growing, and have significant VC backing. There are examples of numerous failures in the gaming space in hive alone, we all know their names and there is no point discussing them. The point is not to bash the failure or point finger at them; the point is to learn from them and make the things that we currently have, work better.

Project Shills

Yes, shills are around in crypto and our little corner which we call hive is no exception. You got to understand the difference between a 'fan' and a 'fanboy'. I will let you look up the urban dictionary if you don't know the difference. It is good to be a fan, but it is terrible to be a fanboy. I love hive, I call it my home, and I have significant money invested in it (although it is not a significant portion of my net worth), but I won't write a post saying hive is going to $100 next year! Right?

Yes, I am no fan-boy. Please try not to be a fan-boy, you know who you are, you will lose credibility real quick. Yes, this is internet, and people do have 'gold-fish memory', but still, do yourself a favor and don't be a fan-boy!

Do you need VC money?

Yes you do. Hive doesn't, but you do. So please be respectful. This is not a request. Grow up and put your heads together and work towards finding utility for your coin, your project. Each coin is a project. A project must have an utility. Anyone can create a HE coin with tiny amount of money. Just because you have a coin, doesn't mean you have a project.

If you don't get VC money, only you and your buddy are the developer, and soon you will lose your buddy because there is a good demand for developers. Then the only thing you will have is broken promises, and you in your tiny apartment! Then you might get into 'writing' about your project on hive, and get some 'auto-vote' because we don't have enough content to vote on hive. Then you are nothing but a hive farmer; and trust me I have seen many and I know how to handle them :)